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Oil prices rose and stocks slipped as the US and Iran exchanged fire in the Middle East, though many markets in Asia were still heading for stellar weekly gains as AI demand swept up chipmakers.
34 minutes agoThe ruling blocks the tariffs from being implemented against just two companies and the state of Washington for now, but it could open doors to further such outcomes.
5 hours agoState takeovers, interventions and investments in the private sector as part of a broader policy direction have met with mixed reception, with some cautioning that potential overreach could dampen investor sentiment and the business climate.
7 hours agoThe share of formal employment in Indonesia has been shrinking in recent years even as the official employment rate has come down, which points to deteriorating job quality in the country’s labor market.
17 hours agoAmid growing global demand for critical minerals to support the energy transition, PT Vale Indonesia Tbk has reaffirmed its commitment to integrating sustainability into its financing strategy through securing a US$750 million sustainability-linked loan (SLL) facility.
21 hours agoThe cross-border QRIS payment link between Indonesia and China, which went live on April 30, is expected to expand to other Chinese digital payment platforms, including WeChat Pay, industry and central bank officials have said.
21 hours agoAuthorities allege the executives of PT Lunaria Annua Teknologi (LAT), the operator of KoinWorks, manipulated collateral documents and falsified trade invoices to secure massive loans from state-owned lender BRI.
23 hours agoSingaporean airline Scoot launched twice-weekly flights between Belitung and Singapore on Sunday, marking the route’s inaugural service.
1 day agoAgentic AI are execution models involving autonomous agents that coordinate across workflows, tools and systems with minimal human input.
4 days agoEU countries and European Parliament lawmakers failed to reach a deal on watered-down landmark artificial intelligence rules after 12 hours of negotiations on Tuesday and will resume talks next month.
1 week agoWith over 43 million merchants connected to the Quick Response Code Indonesian Standard (QRIS) payment system as of January, digitalization now defines the identity of today's tech-savvy market traders, moving beyond large corporations.
1 week agoPrime Minister Anthony Albanese said tech giants Meta, Google and TikTok would be given a chance to strike content deals with local news publishers.
1 week agoThe close collaboration with Huawei on the new model, the V4, contrasts with DeepSeek's past reliance on Nvidia's AI chips.
1 week agoThe ruling blocks the tariffs from being implemented against just two companies and the state of Washington for now, but it could open doors to further such outcomes.
5 hours agoEvery dollar increase in the global oil price adds a burden of about Rp 6.8 billion (around $400 million) to the state budget.
2 days agoAmid growing global demand for critical minerals to support the energy transition, PT Vale Indonesia Tbk has reaffirmed its commitment to integrating sustainability into its financing strategy through securing a US$750 million sustainability-linked loan (SLL) facility.
21 hours agoBankrupt discount carrier Spirit Airlines ceased operations on Saturday, the industry's first casualty linked to the Iran war, after failing to secure creditor support for a US government bailout plan. All flights have been canceled, the statement said, asking passengers not to go to the airport.
5 days agoA new regulation stated that the protection of outsourced workers, including wages, overtime, social security and severance, is the responsibility of the outsourcing firm, while the principal company's role is to ensure compliance.
2 days agoOil prices rose and stocks slipped as the US and Iran exchanged fire in the Middle East, though many markets in Asia were still heading for stellar weekly gains as AI demand swept up chipmakers.
34 minutes agoAsian stocks soared to record highs on Thursday while the US dollar slipped and oil nursed steep losses as traders embraced the prospect of a peace deal in the Middle East, although the fate of the critical Strait of Hormuz remains unresolved.
1 day agoOil prices extended losses and stocks rallied Wednesday on fresh hopes for an end to the Iran war and the reopening of the Strait of Hormuz, while Samsung blasted past the $1 trillion valuation mark as the AI tech boom continued apace.
2 days agoShares edged higher while oil prices flatlined in Asia on Monday as investors drew comfort from signs of patchy progress in settling the Middle East conflict at the start of a week packed with earnings and key economic data.
4 days agoSaudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates.
4 days agoBrent oil futures soared another 7.6 percent to US$119.69, the highest price since the early days of the Ukraine war in 2022.
1 week agoEuro zone bond yields hit multi-week highs on Tuesday after a survey showed euro zone consumers expecting higher inflation, prompting markets to raise the likelihood of a hike in interest rates by the European Central Bank in the coming months.
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